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Great Depression Dbq Research Paper

1928 Words8 Pages

In 1929, the Stock Market crashed. This created many problems for American citizens. Some of these problems were unemployment, bank failures and poverty. Herbert Hoover tried to solve this but it was unsuccessful. Franklin Roosevelt came into office and created government programs called the New Deal. Though the Depression didn't end until 1941, Roosevelt was able to help many people and change the economy for the better. One huge problem that occurred during the Great Depression was unemployment. Document Oneone shows the increase of unemployment in America from 19290 through 1932. The Stock Market Crashstock market crash of 1929 affected many workers because the percentage of unemployment increased dramatically. The stock market crash …show more content…

Also known as the FDIC. The FDIC gave the government the ability to insure money deposited in the banks. There was a limit on this insurance but it protects people from losing all of their money. This ended the bank crisis. The last big problem that occurred during the Great Depression was poverty. Most people became poor and were in poverty. Document Three3 tells a story. There was a woman named Vera. A college educated women in New York City who was affected negatively by the Great Depression. She never had a job. For a period of time, she got some money from inheritance. But, in the summer of 1934 it was all gone and spent. She was starving and getting sick. But she kept on looking for jobs. During this period of poverty, she didn’t pay rent and she relied on her friends inviting her to their houses for meals. She didn’t get invited very often because she never really told anyone about her suffering. After four weeks of telling her landlady that she would soon get a job and pay for all her rent and everything, she came home to all her belongings and clothing disappeared. She went to her landlady who told her that when Vera paid her rent she would get her things back. Her possessions cost more than all her unpaid rent. She

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